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Matrix Grid Trading Community Edition

  • #1,961
  • Mar 5, 2015 6:07am Mar 5, 2015 6:07am
Quoting qFish
{quote} Anything higher than 1.1 is too risky imho.
I personally think the risk is also relative to account size.
  • #1,962
  • Mar 5, 2015 6:39am Mar 5, 2015 6:39am
Quoting fxtrader1081
{quote} I personally think the risk is also relative to account size.
I agree.
Solutions ONLY!!!
  • #1,963
  • Mar 5, 2015 8:31am Mar 5, 2015 8:31am
Quoting fxtrader1081
{quote} I personally think the risk is also relative to account size.
True true.
insanity: Doing the same thing over... and expecting different results -AE
  • #1,964
  • Mar 5, 2015 9:44am Mar 5, 2015 9:44am
until now good gain v.1.1only
Attached Image (click to enlarge)
Click to Enlarge Name: Cattura.PNG Size: 54 KB
  • #1,965
  • Mar 5, 2015 10:21am Mar 5, 2015 10:21am
Off again, after ECB today (before, it opened and closed orders normally)......

Anyone experiencing this?

  • #1,966
  • Mar 5, 2015 10:28am Mar 5, 2015 10:28am
Quoting Art5
Off again, after ECB today (before, it opened and closed orders normally)...... Anyone experiencing this?

Mine's back going. Sometimes it just takes a while to get trading...depending on your settings.
  • #1,967
  • Mar 5, 2015 11:10am Mar 5, 2015 11:10am
big boys want E\U 1:1 now is clear
  • #1,968
  • Mar 5, 2015 2:40pm Mar 5, 2015 2:40pm
So the cent account with the extra risk blew up about 4 hours ago but the account with 0.01 to 5,000 was able to be closed out at just a little over break even. The dd never reached 5%. This account that is supposedly low risk has made 18% profit in a week.

I used an ea that I wrote that you can put a profit amount in and it will close out all orders on the chart symbol if the profit reaches that amount and then it will remove itself from the chart. It's a very basic ea and probably there are many like it that can do the same thing and maybe even better. FYI, you could put 0 and it would close at break even or you could put 10 and it would close at a profit of 10 or you could put -10 and if you close at a loss of -10 or better. These are closes at market so slippage could be an issue which is why I recommend that you don't use 0. I prefer this way so that the matrix ea can't edit the tp after i changed it.
Attached File(s)
File Type: mq4 CloseIfSymbolProfitReaches.mq4   3 KB | 266 downloads
  • #1,969
  • Mar 5, 2015 10:25pm Mar 5, 2015 10:25pm
I made a very serious mistake.
I should not believe that this ea will manage risks.
My live account was dead.
  • #1,970
  • Mar 6, 2015 2:13am Mar 6, 2015 2:13am
Quoting oneffone
I made a very serious mistake. I should not believe that this ea will manage risks. My live account was dead.
We can't know what kind of risk in your live account you had but you have a number of demo accounts all of which seem to be trading with a starting lot size of 0.01 but are very large accounts. Everyone has a different opinion on this topic but it seems to be a consensus that you cannot trade this on a small account. That is you must have somewhere between 1,000 and 5,000 for each 0.01 lot that this the starting lot size.

As I have said before, there are also cent accounts but you will be trading against your broker on those accounts. This is what I am doing and it is working out for me so far.
  • #1,971
  • Mar 6, 2015 2:49am Mar 6, 2015 2:49am
Done for the week...
I generally skip first Friday.

Beautiful start to March. 60%

Changes made. Only testing 1 pair EUR/USD
same settings both directions step 2, TP 5 multi 1.5
5000 Balance per 0.01 lots

20% max DD will cut loss (all trades) and continue
Attached Image (click to enlarge)
Click to Enlarge Name: first week.jpg Size: 209 KB
Solutions ONLY!!!
  • #1,972
  • Mar 6, 2015 3:18am Mar 6, 2015 3:18am
a semiautomatic tactic:
when i see in TF 1min that the price has gone down 20\30\50 pips i swich off the EA and wait for a retracement about 20\30\40 pip then i rewich on the EA
and viceversa if the price has gone up
now for example i swiched off and wait for up retrachement
  • #1,973
  • Mar 6, 2015 3:22am Mar 6, 2015 3:22am
Quoting BillYon
Done for the week... I generally skip first Friday. Beautiful start to March. 60% Changes made. Only testing 1 pair EUR/USD same settings both directions step 2, TP 5 multi 1.5 5000 Balance per 0.01 lots 20% max DD will cut loss (all trades) and continue {image}
Well done Sir.
  • #1,974
  • Mar 6, 2015 3:43am Mar 6, 2015 3:43am
Quoting BillYon
Done for the week... I generally skip first Friday. Beautiful start to March. 60% Changes made. Only testing 1 pair EUR/USD same settings both directions step 2, TP 5 multi 1.5 5000 Balance per 0.01 lots 20% max DD will cut loss (all trades) and continue {image}
Ohh when u see that ur DD its 20% u close all trades. And again begin?
  • #1,975
  • Mar 6, 2015 3:53am Mar 6, 2015 3:53am
Quoting Contrax
{quote} Ohh when u see that ur DD its 20% u close all trades. And again begin?

Yes something i'm testing. No real challenging DD this week but the math makes sense given the win rate of this setting.

Before I would cut only the largest loosing pair but this requires more management than I would like. Now with only 1 pair i'm hoping to streamline the process. Just cut loss and continue. Will it prove more profitable??? Testing testing testing....
Solutions ONLY!!!
  • #1,976
  • Mar 6, 2015 4:00am Mar 6, 2015 4:00am
Quoting BillYon
{quote} Yes something i'm testing. No real challenging DD this week but the math makes sense given the win rate of this setting. Before I would cut only the largest loosing pair but this requires more management than I would like. Now with only 1 pair i'm hoping to streamline the process. Just cut loss and continue. Will it prove more profitable??? Testing testing testing....
Im testing only EUR USD 2k usd.

Change only 1.0 the trend.

CE 1.1 CE 1.0
Trend 10 10
8
0.03 0.03
1.2 1.2
0.0 Step 8 Take Profit 8
false
false
8


Since 1 week ago in VPS and im still alive lol. Yesterday was a DD of 50% and now its righht now 20%
  • #1,977
  • Mar 6, 2015 4:26am Mar 6, 2015 4:26am
Quoting Contrax
{quote} Im testing only EUR USD 2k usd. Change only 1.0 the trend. CE 1.1 CE 1.0 Trend 10 10 8 0.03 0.03 1.2 1.2 0.0 Step 8 Take Profit 8 false false 8 Since 1 week ago in VPS and im still alive lol. Yesterday was a DD of 50% and now its righht now 20%
Lot size 0.03 on 2K with a 1.2 multi??? Have a good look at that...

20% DD or profit?

Depending on what you are testing will advise you what to do. If you are just getting to know the EA I would let it run with no intervention. If you are developing a management plan I would stick to it for a long test and see if it's viable.

what is your max
is it the full 2K, 10, 20, 30, 50%...etc

Stick to it while you test. No second guessing and see where it leads.
Solutions ONLY!!!
  • #1,978
  • Mar 6, 2015 4:50am Mar 6, 2015 4:50am
Hi. Beside EuroUsd which one safe pair to trade with matrix Grid EA.
Thanks..
  • #1,979
  • Mar 6, 2015 5:00am Mar 6, 2015 5:00am
Quoting BillYon
{quote} Lot size 0.03 on 2K with a 1.2 multi??? Have a good look at that... 20% DD or profit? Depending on what you are testing will advise you what to do. If you are just getting to know the EA I would let it run with no intervention. If you are developing a management plan I would stick to it for a long test and see if it's viable. what is your max is it the full 2K, 10, 20, 30, 50%...etc Stick to it while you test. No second guessing and see where it leads.
I like your idea of max dd. I have started a high risk set on 2 5k demos. One with a max dd of 20% and one with a max dd of 30%. Here is my set.

InternalTrendConfirmation=20
TakeProfit=10
Lots=0.05
MultiLotsFactor=1.2
MultiLotsFactor_TrendChange=1.5
AutoStep=false
AutoInitialStep=false
Step=10

If the dd reaches the max then all positions will be closed and it will start over. I had a 5k account with a much higher risk and the dd never went above 10% before blowing up. When it had blown up though, it had actually reached a balance of 9,600 which is a 92% profit. It's hard to say how much it would have lost with a max dd but certainly this does at least indicate that the idea does have potential.
  • #1,980
  • Mar 6, 2015 5:10am Mar 6, 2015 5:10am
Quoting fxtrader1081
{quote} I like your idea of max dd. I have started a high risk set on 2 5k demos. One with a max dd of 20% and one with a max dd of 30%. Here is my set. InternalTrendConfirmation=20 TakeProfit=10 Lots=0.05 MultiLotsFactor=1.2 MultiLotsFactor_TrendChange=1.5 AutoStep=false AutoInitialStep=false Step=10 If the dd reaches the max then all positions will be closed and it will start over. I had a 5k account with a much higher risk and the dd never went above 10% before blowing up. When it had blown up though, it had actually reached a balance of 9,600...
Solutions ONLY!!!
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